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  • TARP Explained in Pictures

    The federal government’s Troubled Asset Relief Program been complicated and controversial from the beginning. First sold by then Treasury Secretary Hank Paulson as a plan to buy mortgage-related assets from U.S. financial institutions,TARP quickly morphed into an incoherent slush fund. New Treasury Secretary Timothy Geithner has had a very similar problem deciding how best the federal government can interfere with the market place.

    The government’s constant policy whiplashes can be hard for the American people to follow. So here, in just 10 pictures, is TARP definitively explained:

    [youtube]http://www.youtube.com/watch?v=i8zzBkrv1wk[/youtube]

    UPDATE: Yes, we know some of the later pictures in the sequence are Photoshopped. But there’s nothing wrong with a little fun on a Friday!

    Posted in Ongoing Priorities [slideshow_deploy]

    6 Responses to TARP Explained in Pictures

    1. Barb -mn says:

      Conn,

      I am sorry to bother you but I am most familiar with your name. I was wondering if you could share with me why my posts on various blogs are not making the cut? Including this one. Have I violated something? please feel free to e-mail if you should. Thank you.

      • Conn Carroll Conn Carroll says:

        Barb-
        I am not the only one that moderates these posts. Offhand I don't remember deleting any of your submissions. However, sometimes we do take some time to approve approve all the comments in the queu. If you could note the next time one of your comments does not make it in, I will try and find out what happened to it.

    2. rich Weirton, wv says:

      They always said a picture is worth a thousand words. In this case, I would say that is very true.

      Each time our so called government hands out trillions of dollars, more of our jobs will sink into oblivion…

      The blind leading the blind als comes to mind…

    3. Charles D. Webb Wayn says:

      I'm barily hanging on when Do I GET A BAILOUT !!!!!!!!!!!!!!!!!!!!!!!

    4. Larry in Texas says:

      I have viewed this art myself and came up with my own interpretation of it.The sequence of this parody is “spot on” and clearly shows the mentality of the “one in charge of recovery”. That being ” We will spare no expense” in gettin’ to that womens’ 10 thousand dollar car! We believe there is a purse in there and it contains a check to the IRS for $13 per week, plus a stimulus bonus confiscation of “around”$5000. After we dig her car out from under all these millions of dollars’ of equipment, we go after her house, just for makin’ us come out of the woodwork!!!Ya see? I do! I saw all of that from just a few pictures. Art is great- so let’s throw about $40 billion to the Arts Foundation next. I know they’ll find some way to sneek pornography or “gay rights” into the picture and MUDDY UP the water just for contrast and cultural content. I’m done now. If you read all of this post then you know: A picture is truly worth a thousand words. Good Job Heritage Foundation! 188 words-top that? On edit; I looked again at what the “help” might be lookin’ to accomplish. Each of the recovery vehicles were bought at “speculators prices” and are not worth one tenth of that so if we can use our entire fleet to Pile on” this poor ladies $10,000. auto, we can write off the equipment thrown off the dock “AND FORCE her to buy another automobile”, at GM’s whim and wants. After all GM CRIED the loudest.It’s a win-WIN for all of us. What…her? We OWN HER, and her car, house and any other sellable item, just for costin’ us so much money and embarassment!!!HM…THAT’S THEIR STORY AND “THEY’RE stickin’ to it? (How many words now?)

    5. Barb -mn says:

      Thank you, Conn. I appreciate and respect all you do!

      I just wanted to share with everyone what I heard the revealed true definition of "TARP" is. That being, TAXING AMERICANS RIGHT into POVERTY.

      The words the president communicates seem coded. Everything he says must have focus and thought to every and any angle…and stop his destruction of freedom.

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